The DOI matches its Crossref record; 11 of the 11 references it cites were found in a registry or an index.
Does Environmental Management Improve Financial Performance? A Meta-Analytical Review
Abstract
The relationship between corporate environmental performance and financial performance has received a high degree of attention in research literature and the results are still contradictory. Most of the findings have shown that environmental performance improves financial performance while others have suggested that the relationship is neutral or even negative. Our article integrates prior research studying this relationship and identifies the potential moderators that may have played a role in the apparent inconsistent results observed to date. We conducted a meta-analysis of 52 studies over a 35-year period that confirms a positive relationship between environmental performance and financial performance. Moderators’ analysis reveals that the relationship is significantly influenced by the environmental and financial performance measures, the regional differences, the activity sector and the duration of the studies. After discussing the theoretical and managerial implications, this meta-analysis tries to answer the question: “When and how does it pay to be green?”
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Cites
Toward a New Conception of the Environment-Competitiveness Relationship
Porter, M. E., & Linde, C. V. D. (1995) · Journal of Economic Perspectives · doi:10.1257/jep.9.4.97 · Cited by 13,365
Corporate Social and Financial Performance: A Meta-Analysis
Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003) · Organization Studies · doi:10.1177/0170840603024003910 · Cited by 7,641
Methods of Meta-Analysis: Correcting Error and Bias in Research Findings
Schmidt, F. L., & Hunter, J. E. (2015) · doi:10.4135/9781483398105 · Cited by 5,542
Meta-Analytic Procedures for Social Research
Rosenthal, R. (1991) · doi:10.4135/9781412984997 · Cited by 4,635
Hunter, J., & Schmidt, F. (2004) · doi:10.4135/9781412985031 · Cited by 3,023
A contingent resource-based view of proactive corporate environmental strategy
Aragón-Correa, J. A., & Sharma, S. (2003) · Academy of Management Review · doi:10.5465/amr.2003.8925233 · Cited by 2,362 · cited 2×
“The pollution control or prevention practices must be associated with certain strategic managerial and manufacturing processes in order to lead to environmental and competitive improvements (Aragon-Correa & Sharma, 2003).”
BackgroundThe role of environmental disclosures as tools of legitimacy: A research note
Cho, C. H., & Patten, D. M. (2007) · Accounting, Organizations and Society · doi:10.1016/j.aos.2006.09.009 · Cited by 2,069
STAKEHOLDER MISMATCHING: A THEORETICAL PROBLEM IN EMPIRICAL RESEARCH ON CORPORATE SOCIAL PERFORMANCE
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Environmental disclosures, regulatory costs, and changes in firm value
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Cited by
Morioka, S. N., & de Carvalho, M. M. (2016) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2016.01.104 · Cited by 347
Busch, T., & Friede, G. (2018) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.1480 · Cited by 345
Does sustainability generate better financial performance? review, meta-analysis, and propositions
Atz, U., Van Holt, T., Liu, Z. Z., & Bruno, C. C. (2023) · Journal of Sustainable Finance & Investment · doi:10.1080/20430795.2022.2106934 · Cited by 254
Improving global environmental management with standard corporate reporting
Kareiva, P. M., McNally, B. W., McCormick, S., Miller, T., & Ruckelshaus, M. (2015) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.1408120111 · Cited by 81
Metadata
- Authors
- Albertini, E.
- Venue
- Organization & Environment
- Publisher
- SAGE Publications
- Published
- 2013-11-12
- Volume
- 26
- Issue
- 4
- Pages
- 431-457
- ISSN
- 1086-0266 (ISSN-L)
- 1552-7417
- OpenAlex
- W2154384507
- Cited by
- 685
- References
- 11
- FWCI
- 62.68
- Type
- journal article
- Language
- en
- Open access
- closed
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